Question : Answer the following questions using the information below: The Daltry Tractor : 1217029

 

Answer the following questions using the information below:

 

The Daltry Tractor Company manufactures small garden tractors on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each tractor must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Daltry Tractor uses weighted-average costing.

 

Data for the Assembly Department for April 2012 are:

Work in process, beginning inventory400 units

Direct materials (100% complete)

Conversion costs (30% complete)

 

Units started during April1,200 units

Work in process, ending inventory:250 units

Direct materials (100% complete)

Conversion costs (50% complete)

 

Costs for April 2012:

Work in process, beginning inventory:

Direct materials$230,000

Conversion costs$220,000

Direct materials costs added during April$700,000

Conversion costs added during April$1,175,000

 

11) What are the equivalent units for direct materials and conversion costs, respectively, for April?

A) 1,350 units; 1,350 units

B) 1,600 units; 1,600 units

C) 1,600 units; 1,475 units

D) 250 units; 125 units

 

12) What is the total amount debited to the Work-in-Process account during the month of April?

A) $230,000

B) $430,000

C) $1,875000

D) $2,855,000

 

13) What is the direct materials cost per equivalent unit during April?

A) $1,250.00

B) $1,241.94

C) $575.00

D) $581.25

14) What is the conversion cost per equivalent unit in April?

A) $1,250.00

B) $945.76

C) $872.50

D) $1,033.00

 

15) What amount of direct materials costs are assigned to the ending Work-in-Process account for April?

A) $248,387.10

B) $250,000.00

C) $143,750.00

D) $145,312.50

16) What amount of conversion costs are assigned to the ending Work-in-Process account for April?

A) $236,440.00

B) $145,312.50

C) $118,220.00

D) $250,000.00

 

Answer the following questions using the information below:

 

The Lumbar Chair Company manufacturers a standard recliner. During February, the firm’s Assembly Department started production of 150,000 chairs. During the month, the firm completed 170,000 chairs and transferred them to the Finishing Department. The firm ended the month with 20,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by Lumbar.

 

17) How many chairs were in inventory at the beginning of the month? Conversion costs are incurred uniformly over the production cycle.

A) 10,000 chairs

B) 20,000 chairs

C) 30,000 chairs

D) 40,000 chairs

18) What were the equivalent units for materials for February?

A) 190,000 chairs

B) 170,000 chairs

C) 160,000 chairs

D) 150,000 chairs

 

19) What were the equivalent units for conversion costs for February if the beginning inventory was 70% complete as to conversion costs and the ending inventory was 40% complete as to conversion costs?

A) 178,000

B) 150,000

C) 170,000

D) 190,000

 

20) Of the 150,000 units Lumbar started during February, how many were finished during the month?

A) 150,000

B) 170,000

C) 130,000

D) 190,000